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Private LTE Market Size Projected to Reach USD 5.35 billion at CAGR of 7.06%, by 2027: Reports and Data

09-02-2021 03:59 PM CET | IT, New Media & Software

Press release from: Reports and Data

Private LTE Market

Private LTE Market

The major contributing factor for the growth of the market for private LTE can be the growing demand for unique and better quality network, and the convergence of 5G and private LTE. The enhanced and evolving technologies of 5G standards and can be used in combination with enhanced 4G convergent techniques to enable smooth evolution to next-generation networks.

Market Size – USD 3.31 billion in 2019, Market Growth - CAGR of 7.06%, Market Trends – Increasing Demand for a high-quality network.

The Private LTE Market is expected to grow from USD 3.31 billion in 2019 to USD 5.35 billion by 2027, at a CAGR of 7.06% during the forecast period. The increasing demand for high-quality networks and the idea of convergence between 5G and LTE network are the major driving factors for this market. Other contributing factors to the growth of this market are the growth of mobile network technology advancements, like 4G and Wi-Fi hotspots. The increase in infrastructures in developing countries is also a major driving factor for the private LTE market.

The issues in the spectrum fragmentation of the LTE network may restrain the growth of this market since there are too many spectrum bands used at too many places for the deployment of LTE networks.

Key players within private LTE market are Nokia (Finland), Ericsson (Sweden), Huawei (China), NEC (Japan), Verizon (US), Cisco (US), Samsung (South Korea), Comba (China), Arris International (US), Sierra Wireless (Canada), NetNumber (US), Lemko (US), General Dynamics (US), Future Technologies (US), pdvWireless (US), Quortus (UK), Ambra Solutions (Canada), Zinwave (US), Redline Communications (Canada), Athonet (Italy), Mavenir (US), Star Solutions (Canada), Druid Software (Italy), Ursys (Australia), and Luminate Wireless (US).

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Further key findings from the report suggest

• The Private LTE Market is segmented by Technology into Frequency division duplex and time division duplex. FDD uses different bands for the transmitter and receiver side, thus making it easier to manage symmetric traffic, such as voice applications, in broadband wireless networks. For this reason, FDD is estimated to grow with the highest CAGR of 7.08% in the given forecast period.
• The Private LTE Market is segmented by Service into Consulting, Integration and deployment, support and maintenance and managed services. The segment of integration and deployment is expected to grow with high CAGR of 8.1% in the given forecast period since it enables organizations in integrating all its systems in one unique network. The managed service segment can also grow with higher CAGR since they enable the organization to connect across all business functions and regions along with the relevant information related to several high-quality services, like intelligent design, operations, and maintenance.
• The Private LTE Market is segmented by Application into Public safety, logistics & supply chain, and asset management. The public safety segment is to witness the highest growth of 8.8% CAGR in the given forecast period since with introduction of IoT technology and machine learning in various industries and the increasing device connections, organizations facing more and more data and network security issues.
• The Private LTE Market is segmented by Industry into mining, energy and utilities, manufacturing, transportation, defense, and healthcare. Mining segment is supposed to have a high growth of 7.5% in the given forecast period, in its demand since, mining operations generally face a number of issues in connectivity, because they often operate in remote areas with little to no cellular coverage and thus have complicated conditions and demands, such as extending communications underground.
• The Private LTE Market is segmented geographically into North America, Europe, Asia Pacific and Rest of the world. APAC is supposed to witness high growth in its CAGR of 7.8% in the given forecast period, since it is the home for a number of developing economies, like China and India. Further, Japan and China are the Largent hubs for automobiles, information technology products, and electronic products.

To identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/private-lte-market

For this report, the market has been divided into segments on the basis of technology, service, application, industry and regional analysis.

Technology Outlook (Revenue, USD Million; 2017–2027)

Frequency Division Duplex
Time Division Duplex

Service Outlook (Revenue, USD Million; 2017–2027)

Consulting
Integration And Deployment
Support And Maintenance
Network Testing
LTE Device Testing
Managed Services
Network Planning
Network Orchestration

Application (Revenue, USD Million; 2017–2027)

Public Safety
Real Time Streaming
Smart Device Network
Multimedia
Logistics
Supply Chain
Asset Management

Industry Outlook (Revenue, USD; 2019-2027)

Mining
Energy And Utilities
Manufacturing
Transportation
Defense
Healthcare

Regional Outlook (Revenue, USD Million; 2017–2027)

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Table of Content:
Highlights of the TOC:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Private LTE Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
          4.2.3. Market restraints analysis
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
Chapter 5. Competitive Landscape
    5.1. Market Revenue Share By Manufacturers
    5.2. Manufacturing Cost Breakdown Analysis
    5.3. Mergers & Acquisitions
    5.4. Market positioning
    5.5. Strategy Benchmarking
    5.6. Vendor Landscape

Continue……

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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